2 bedroom apartment for sale
St Quintin House, 1 Princess Louise Walk, London, W10 6DS
Share percentage 25%, full price £750,000, £18,750 Min Deposit.
Share percentage 25%, full price £750,000, £18,750 Min Deposit.
Monthly Cost: £2,073
Rent £905,
Service charge £217,
Mortgage £951*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A great chance to buy a shared-ownership property in such a desirable location. This attractive, generously-sized apartment is on the top floor of a modern development and has a twenty-foot, triple-aspect, open-plan kitchen/reception room. Near-full-height windows form one wall and a door leads out onto a private, west/south-west-facing terrace. There is a large, air-conditioned, main bedroom with spacious en-suite shower room plus a second, comfortable, double bedroom. Both bedrooms include fitted wardrobes and the apartment also features an additional, naturally-lit and equally-spacious shower room accessed from the hall. Well insulated walls and roof, high performance glazing and gas central heating make for an excellent energy-efficiency rating. The property comes with use of an underground parking space and is also within easy reach of the Ladbroke Grove, Latimer Road and White City Tube Stations plus Westfield Shopping Centre and Portobello Road.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £750,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/5n8t9wu9]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years less 7 days from 01/05/2014).
Minimum Share: 25% (£187,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £904.84 per month (subject to annual review).
Service Charge: £217.05 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £75,600 | Single - £87,400 (based on minimum share and 10% deposit).
Council Tax: Band F, Royal Borough of Kensington & Chelsea. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £18,750
- Guide Min Income Dual £75.6k | Single £87.4k
- Top Floor (fourth - building has two lifts)
- Approx. 813 Sqft Gross Internal Area
- Triple-Aspect Kitchen/Reception Room
- Two Spacious Shower Rooms
- Private Terrace
- Secure Underground Parking Space
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: F
Property Downloads
Key Information Document Floor Plan BrochureMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £750,000, £18,750 Min Deposit. Calculated using a representative rate of 4.64%